Economic system / finance.- Banco Mediolanum launches the primary blended mortgage

Banco Mediolanum has introduced the launch of its first blended mortgage, the Freedom Combined Mortgage, with a hard and fast rate of interest for the primary 5 years and a variable charge from the sixth.

The primary yr is the mounted rate of interest 1.99% TIN, and from the second to the fifth yr it has a hard and fast rate of interest from 2.90% TIN (with bonuses).

From the sixth yr onwards, the mortgage has a variable rate of interest which is referred to the annual Euribor and a distinction of 0.89% (with bonuses).

As well as, Banco Mediolanum has launched its ‘Skip the Installment’ service for brand spanking new variable charge mortgage prospects, which permits a most of six installments to be postponed till the tip of the mortgage life , with no extra commissions or prices.

Installment deferral is a service that can be utilized in as much as a most of two month-to-month installments per yr and as much as six installments in whole.

The deferral contains extending the maturity of the mortgage so long as the installments are deferred and may be performed at any time besides through the preliminary 12 months of the mortgage and the final 12 months .

All suspended installments, when returned, can be topic to the distinction and relevant Euribor on the brand new fee date.